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20130411
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Search Results 0 to 8 of about 9 (some duplicates have been removed)
domestic product in 2008 to 78.2% of gdp, in 2014. under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get those tax increases. secondly, this chain cpi, already has a fire storm inside the democratic party against him for going after social security and medicare. so i think he put this out here. but john the real long-term problem medicare, medicaid social security eat up more and more and more of the budget. you mentioned defense and discretionary spending go down less and less and less. and i think it is, you know, this is no new deal or no new frontier or no great society. it is a timid budget, i think. and it is a grim budget for the united states. >>> the cpi is th
yesterday that focused on the debt ceiling in terms of the possibility of obligations, ur obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you so much, mr. levin. again,s this my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee received your written statement t will be made part of the formal record and secretary lew, you're recognized for five minutes. >> thank you very much, mr. chairman and thank you, mr. chairman, ranking member levin for your gracious welcome here today. it's an honor to appear and present the president's budget for next year. i sit here as chairman noted surrounded by four decades of memories of many important occasions when bipartisan cooperation has moved the country forward in the best interest of the american people. i sit here today looking forward to continuing in that tradition this year and in my current role. our economy
, immigration, things -- the financial problems, we're going to have a debt ceiling, things that we've got to worry about, we're going to worry about when do we take the budget out of the budget and give it to the appropriator, they have to pass a bill given the numbers they are given. the numbers in the house will be different than the numbers in the senate. i see a few months from now, september 30th, it looming and the same fights we've been through. so i think the president in his budget did make a move on some of the mandatory spending effort that i've been calling for, because he talked about a balanced approach and we haven't done anything about mandatory, which is the real problem. because if you eliminate all the discretionary spending, we still have a half trillion dollars deficit annually. >> mr. chairman, sorry to interrupt. we're running out of time. i would like to hear your secretary of -- opinion of secretary hagueen, chuck hagel. it's been on the job for a couple of months now. you were very critical of him, with those in your party , how would you rate the job he is doing
, that's right. and if you look at the other big bills that have been passed, the debt ceiling extension, sandy relief or violence against women act, it was about 25% to 40% of the republican caucus and then overwhelming number of democrats who passed those pieces of legislation. so it will be no different if gun reform passes, and immigration reform passes. >> you make a good point, alex. it's very similar to the debt negotiations for the grard bargain. if we're going to pass this, we need huge democratic marge orts, and that means our folks have to man up and woman up and accept a few things that aren't exactly like they want them, too. that's going to be the case on the debt deal and it will be the case on immigration deal. >> but congressman let me ask you, a huge part of this is because the republican party knows that you've ameliorated the image among latinos and hispanic, understanding they're notรง monolithic voting blocs. when you have this sort of cross-debate between mod rats in the party, much more broad-minded in terms of their semantic and their actual legislation they're
to unfold and as the debt ceiling once again approaches. indeed, it was made all the more worrisome by the house republican hearing yesterday that focus on the debt ceiling in terms of the possibility of prioritizing our obligations, obligations all emanating from congressional actions. we cannot continue on this dangerous path. hopefully this hearing will serve a constructive opportunity to embrace a different path. i yield back. >> thank you very much, mr. levitt. again, it's my pleasure to welcome secretary jack lew back to the committee on ways and means. we look forward to your testimony. the committee has received your written statement. it will be made a part of the formal record. secretary lew, you're recognized for five minutes. >> thank you, mr. chairman, and thank you, mr. chairman, ranking member levin, for your gracious welcome here today. it's an honor to appear and to visit the president's budget for next year. and i sit here as the chairman noted, surrounded by four decades of memories of many important occasions. when bipartisan cooperation has moved the country for
me they are ready. >> on the debt ceiling, how do you see it playing out? you want it todo play out? >> the house is going to move a bill to give the treasury the ability to make interest payments, to make social security payments, in some particular fashion. our ur goal here is to put spending on a sustainable path. it isn't to default on our debt. the goal is to cut spending. i've made clear that until we get spending cuts and reforms that put us on a path to balance the budget in the next 10 years we're going to have fights. >> are you willing to have it turn out in 2011 again, to get to that level of suspense? >> i spent two and half years focused on this one issue in a big way. i think most you have understand my point to get this government to deal honestly with the spending problem. i've watched this government kick the can down the road and kick the can down the road. i swore to myself they would not do it and i'm not. briefing hner earlier. nancy pelosi had a briefing as well. >> tomorrow marks the 100th day of the 113th congress. i believe for the first 100 days he republ
by the amount raised the debt ceiling, 2.1 cheyenne. 1.1 trillion was sequestered. if the agreement was not reached by the committee in the committee did not reach an agreement, there is no provision in the budget control act agreement to raise taxes. the president did raise taxes $600 billion, there was never an agreement to raise taxes. so that's where we've got a loggerhead. this is the problem. at the end of debate i remember when the president guaranteed the american people sequester wouldn't happen. but it is happening. it's happening right now in the law. the house has proposed a budget that eliminates cuts on the defense department, besides other cuts to replace them when. the president is saying he wants to eliminate the sequester are apparently indicates he does, but he wants to do it raising taxes and that is a nonstarter. under our current day, we increase spending every year. the difficulty is that pointed out before our committee so many times is half the reductions in spending and sequester file on the defense department come which only make ucmj six of the spending i
Search Results 0 to 8 of about 9 (some duplicates have been removed)